Daily Forecast – Share Market – April 18th, 2024

Nifty may remain within range of 22100 to 22225

Mercury (Retrograde), Jupiter with Ketu are leading the day, well supported by Sun and Moon. Today is weekly expiry, Asian market may not be supportive, whereas global political situation is still tough. We are entering in election polling from tomorrow. Market lord is slowing down its speed, so chances of improvement may be seen in coming week.

On date, market may show some volatility, but chances of showing some recovery from lower levels. But pressure on upper levels possible, but Nifty may try to hold the levels around 22100 or so. Nifty may again show sign of recovery, but lord of share market is week. So, if some recovery will come, then may give shocks also.

Casual traders must trade with care. Hard core traders can avail advantage on either side.

Silver may give some better movements. Indian market is mainly active because of the money of casual traders, lay man. Professional traders are studying economy of the nation and then they are acting. Same point is for FIIs also. DIIs has to act, because of the funds getting from local investors.

Oil, exploration may be showing some movements, cement, automobile, power, automobile tyre, batteries, EVs and related companies, Cement based on news, entertainment, watch IT, communication, communication instruments, and many more may remain active.

Even then market may show Volatility. So, chances for upper levels crossing 22225 of Nifty is weak. Lower side Nifty may test 22100 (once again). Crude oil may show some pressure and may trade within the range of 86-89 USD.

Indian Currency

Indian Rupee may trade in between 83.00 to 83.70 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.